Number of Uninsured Falls by 3.8 Million

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... good morning welcome to MoneyBeat I am Paul vignette ... markets ... virtual standstill it's called essential standstill the Citadel of just five points to six point eight C they're moving ... as traders are they're bracing for tomorrow's Fed policy setting meeting when the central bank Frazzini hints about the timetable for raising interest rates is primarily what they're concerned about so right now it's all the deer in the headlights kind of thing for the markets they are just sitting there waiting ... for tomorrow ... overnight new figures were released telling of the uninsured in the U S ... while they were lower than expected ... numbers may admit some wrinkles Louise Radnofsky ... has the story joins us from Washington ... will raise hell are you ... I'm very well thanks for having me ... Intersil window on the fundamentals of the tunnel a terminal window and tells what what has happened with the and insure the uninsured rates in the beginning of twenty fourteen ... while there have been a lot of unofficial studies of what happened to their rate of uninsured after the key provisions of the Affordable Care Act to ... hold a earlier this year ... the first official government snapshot came out early this morning ... that was from the data centers for disease control and Prevention ... statistics unit different from another controversial survey that is putting out the next day I was shown was that for people who were surveyed during this period ... January through March there was a dent in the uninsured however it's possibly not as big as it might be because the period ended study ... didn't capture the way that people who sign that right towards the end of March and early April for coverage ... so resigns on things that we should really take with a grain of salt on ... the moving between is willing to fall in numbers later this is something that I imagine both sides are gonna wanna make political hay out of this to some extent ... absolutely and fortunately for both sides the tightening of the next record is somewhat inconvenient it comes out in December well after the midterm elections but that's what will really get a better sense of exactly how many people obtain coverage or is the results ... of the Affordable Care Act as a pet is due Wednesday exchanges shop for plans because their policies example of the Chancellor they were switching for for other reasons that was up to see the goal of the law to reduce the number running short an official government counts that is highly sought after what they got sad from the report the came out today is a work in progress essentially ... look I mean this is not exactly love to New York with these quarterly earnings in every three months from the companies report earnings ... in Iran goes not to be missed by Fannie Mae but whatever ... should we really be concerned about what happened in only the first three months of twenty fourteen with this law ... well the first three months for the main sign up period but again there is Iraqi people twice the and ... certainly there have been any sign that a decrease in the end in short preferably with a pointed to a bigger problem for their porch it was that the number of uninsured went down by about three point eight million ... high and there was that percentage shift from about fourteen point four percent to thirteen point one percent which is clearly a good sign for the report doesn't show however is for example the apps that number people to gain coverage on exchanges the botanist ration says that eight million what therefore captured through its surveys of people conducted on a rolling basis January through March what about three point seven million people so clearly ... the figures are at seven something at odds here and I will be reconciled down the line or memoir when they are there are always great stuff thank you very much ... thank you ... when we come back in the average investor learned something from the extremely wealthy investor ... talk about the next ... welcome back look of unity and two dollars to invest you will find and people who try to tell you what to do with those two dollars ... from really investing it's not all not only from the best path to building up well ... Coventry Edwards Pitt is the chief wealth advisory officer at Valentine Partners and the altar of raised to help the wealthy and wise ... she joins is right now of the Howard has twenty five hundred and five ... look it's no secret that most people don't have millions and millions of dollars to invest but got those are the people EU ... primarily work with ... and I you know what you're new book out I wanna try to get some idea what the rest of us to maybe learn ... from some of those investors ignore my charts that the thing is I after carrying a purse on so I Saperstein have a plan and stick to acting to think long term ... and three a pay attention to the Bangkok ... elite came after performance is not predictable but these are predictable and controllable and if you say one to three percent a year in taxes and fees are probably outperforming and are not especially when you're talking about high ... yield mutual funds rate yet ... in your plans folks out there ... you know the Uber range options they come with different ... management fees ... how short of those management fees ... let me say oh on a one point five percent two percent doesn't seem like a tremendous and now it's a huge issue and it's actually much better you can be in index like vehicles three area to capture the market performance ... and between recommends our clients even though they may have significant wealth that silly cow in the long only part of the equity portion because ... you can do so much in terms of fees and costs of people who are really not can outperform ... those in sch thing is this whole ADM that there's a difference between investing and financial planning yet the wall The celebrate similar a daily veterans ... why are they different writes them on the contention that ... an infant and that's their money next important that any piece of the puzzle map of conquer ... everything in your financial situation your insurance is your taxes Here's the plan your cash flow ... and you really need to be paying attention to those things on funding opportunities you can find in their breasts you can in a key in the other areas called for even the fast enough to Outperform and ... even the best route before death in September for that's very inching his you'll hear people say ... well you gotta be in stocks long term stay in eight seven percent a year by all that stuff a lot easier to sales drop well look there's Alec an unbeaten and headed to Korea last year but over the long term you're doing well in index funds that three-year growth continued to pay attention to the rest featuring an appropriate insurance picture you're saving up for failure ... if not you know things it doesn't matter if you've got angrier and markets ... aren't only think you're above the eleven and one of the year think ... when we come back what can be corners learn from the hall to talk about that next don't touch the maps ... welcome back in the wake of Apple's new announcement in a newly announced a mobile while Leslie ... bitcoiners Nationale needs a little cryptocurrency at our Michael Casey has a piece of advice for them ... better places ... think bigger ... he joins us right now Mr Casey hell are you lying very well I explain why ... Apple is not the Why Apple the while the new product and why that is not the major problem for bitcoin ... play on the one who looks like this is the competing mobile payments product why is that not annuity ADP it isn't on that level problem is he going to focus entirely on the consumer to think in time lead at the retail side of what bitcoin brings ... to the has been way too much the focus of his book because I love that it's a ... very popular idea with Roca mammals credit cards of the people said to be excited that it turns out that many consumers really are using is now being adopted ... I'm ... the real focus ... it is in what has technology Duster Jews costs the financial system more broadly ... and therefore it seems to me that the the most ... effective way to to to make a compelling case the value proposition of the decor and that any other cryptocurrencies Whipple is another one is reached in this regard ... I'm ... is to get in the business is getting governments to talk to lots to choose his assailant ... is taking shape ... in case of say a warm up to three and fifty billion dollars in global transactions everywhere ... tens of billions of dollars on fuel ... you transaction cost every year ... and what that is above one c giving it an immediate these these big plans to start to use this he had met with depression that ... figure that the consumer and and Mrs later on ... this to me is that the way but this is this something you column for our MoneyBeat blogged last week I did a lot traffic that's fine line heavy on the top of the great ... without going too far into the rabbit hole Mr case for ... why exactly is this it is to buy into the ... one that uses a juicy beans onto a wall more ... well that is the team that basically every time and money saved to clear the season you will one thing it at a country that has international supplies ... are you going through a lot of intermediaries are doing the banks Hill foreign exchange services you've got these messages Swifts with the Brotherhood is that ... there are I whole range of Playa is ... that they're making sure the money gets from pay to be ... aam ... what effectively happens I would be going with ripple which is a system of gateways is that you ... you do this without either is building a mean there is there are some costs that it was custom built into the system ... but then significantly law ... degree when you talk events leading up to this on the developing countries that will become feedlot warm I'll be using ... but the key to release I have alot to now ... three this is what he was of event as of the savings perhaps on credit cards but sometimes incentive ... money transmission and Dubai that too ... but across the well which will contain this is even more ... as I know it's a lot of um no mean companies say will accept bitcoin as payment ... Dell to Steve ... I is an indication that some these companies are starting to look at this that mean that we can avoid giving good reason to stop the most awful costs is that this is something of a of the leader in this area and very much driven by as someone ideological proper accept that when the CEOs of big time believe that in ... some of the ... philosophy behind bitcoin ... and he's talking about using ... his clout not quite as big as Wal-Mart than I was quite significant cost hundreds of different countries ... to ... to create Moto quit supplies are actually told you that is that the twelve months ... it's awaited bill reduced time the system and sexy seven card supplies to use as well ... on a piece of good stuff as always thank you ... be sure cut to join us ... full coverage of the Fed's decision on interest rates ... along with the bond buying program which they show that I ... will be hosting along with her on the Street's John Carney ... and instead analysis and WSJ Chief Economics correspondent ... John Hills unwrapped Wednesday tomorrow beginning at one fifty five p m Eastern time ... and is followed by full coverage of Fed Chairwoman Janet Yellen news conference that started to twenty five right here on WS J live ... we will have more ... by ...